New Books In Economics

In Company Towns: Industry Power and the Historical Foundations of Public Mistrust (University of Chicago Press, 2026), Dr. Elizabeth Mitchell Elder examines the long-lasting political legacies of mining-company dominance in the Midwest and Appalachia. While the economic consequences of deindustrialization are well-known, Dr. Elder shifts the focus to a more insidious problem: the political dysfunction that took root long before the mines shut down. Drawing on historical and administrative data, Dr. Elder shows that the coal industry hindered the growth of local government capacity in the places where it was dominant. Mining companies also engaged in outright corruption to shape local governments, practices which local elites then carried forward. When mining companies withdrew, they left behind not just economic decline, but local governments ill-equipped to govern. These patterns have had enduring consequences for public life. Dr. Elder shows how these historical experiences have fueled a broader cynicism